Tether stays outside MiCA over stablecoin reserve requirement

Tether has remained outside Europe's MiCA stablecoin framework, with CEO Paolo Ardoino criticizing the requirement for major issuers to keep 60% of reserves in commercial bank deposits.
Ardoino argues that the rule could introduce banking-system risk because EU deposit insurance is capped at €100,000, while Tether currently holds roughly 80% of its reserves in U.S. Treasuries. Complying would therefore require shifting a substantial portion of $USDT reserves from government securities into bank deposits.
USDT has consequently lost broad exchange availability in the EU under MiCA requirements. Ardoino says Tether could reconsider its position if the regulatory framework changes.